cube_rat
Thinks s/he gets paid by the post
- Joined
- Jul 12, 2005
- Messages
- 1,466
Spanky's bonus post prompted this question, I hope someone on the board could answer.
My SO and I will most likely hit AMT this year. I know why AMT exists. Is there a magic number or calculation used to determine if you've hit AMT? I've looked on IRS site and quite frankly, I was confused. I'm just looking for in a nutshell answer. Like "$xxx,xxx.xx of AGI (assuming calcs are doen from AGI) qualifies for AMT"
My SO and I will most likely hit AMT this year. I know why AMT exists. Is there a magic number or calculation used to determine if you've hit AMT? I've looked on IRS site and quite frankly, I was confused. I'm just looking for in a nutshell answer. Like "$xxx,xxx.xx of AGI (assuming calcs are doen from AGI) qualifies for AMT"